Sony has announced that its new PlayStation 4 console will go on sale in North America on 15th November, and in Europe, Australia and select countries in South America on 29th November.

The next generation console will cost $399 in the US, and 399 euros ($534) in Europe. No Middle East launch dates were announced.

During Gamescom in Cologne, Germany, the company said that there will be 15 exclusive games available at launch, and that it has received over one million pre-orders for the new console. Many of the new games also include an element of integration with PS Vita handheld console.

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Sony has also negotiated a number of broadband bundles for users in Europe, that will provide broadband speeds up to 200Mbps for online gaming, compared to 5Mbps for most European gamers.

"Our goals for PS4 are clear, ambitious and unwavering. We set out to build the most powerful gaming platform with a deeply held, consistent focus on you the gamer," said Andrew House, president of Sony Computer Entertainment. "While others have shifted their message and changed their story we are consistent in maintaining policy and a model that is fair and in tune with consumer desires."